How to Create an Overpayment Invoice when Wrong Agent was Paid
82 steps |
9 minutes
1
Navigate to Brokerage Engine.
Verify Wrong Payment Issued
2
The Distribution List shows the wrong agent was paid.
3
Click "View Entries" under Accounting Details
4
Click "Bills"
5
The Bill in Accounting shows the same name as the Distribution List and a 1099 report was ran to confirm payment.
Revoke the Transaction
The Deposit for this Transaction was recorded using a Deposit Journal Entry. If Undeposited Funds was utilized, the deposit needs to be deleted or unbatched before continuing.
6
Click "Revoke"
7
Since the Transaction was closed and uploaded on the same accounting period, a Reversal Journal Entry is not required.